It’s a BIG Market!

UK Banks are now in serious competition from a whole host of independent lenders, with stand-alone finance facilities.

YOUR business finance no longer needs to be tied strictly to your bank – a choice which is becoming increasingly popular amongst UK business owners.

Choice

Your bank are one just one of many high street banks with UK Lending facilities.  Add this to the hundreds of independent financiers and funding providers and your commercial funding options are vast.

Using a specialist commercial finance broker could open up the independent funding market to you – and having them analyse the high street offerings could offer a greater choice to you.

Flexibility

Bank products can be less flexible than those of independent lenders – and although they often provide excellent products, it is wise to shop around.

Independent finance companies can offer products not available through high street banks. These may provide and appropriate solution or accompaniment to bank products.

Spread the Risk

When times are tough and cashflow is tight, over-exposure to any one lender can cause problems.  Withdrawn, reduced or varied lending limits are not uncommon – particularly when overdrafts (which are withdrawable on demand) are in use.

Moving some aspects of your commercial borrowings from your bank (or to your bank) may provide some much needed breathing space for your lender….and for you!

Price

Another bank or finance provider may have products which are cheaper than your own lender. Shopping around is sensible.

When it comes to adding value to your agreement(s), a prudent finance broker will be able to point you in the right direction.